A major advantage of a bill financing facility is that it:

Name: A major advantage of a bill financing facility is that it:
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A bill financing facility allows businesses to access financing at a lower cost than traditional methods like overdrafts. This is because the bill acts as collateral for the financing, reducing the risk for the lender and allowing them to offer lower interest rates. However, it does not necessarily lower the fees for the acceptor, drawer, or discounter of the bill.

A Major Advantage of a Bill Financing Facility Is That